The term used to describe a category of financial services in the United States that is used by businesses. Merchant services are authorized financial services that allow a business to accept credit card or bank debit card transactions using online ordering or point of sales systems. To use merchant services, a US-business must obtain a merchant account to accept customer credit card and electronic payments through an electronic commerce Web site.
A commonly associated term is Merchant Service Provider (MSP) the name used to describe a company or organization that will provide transaction processing solutions to merchants.
Stay up to date on the latest developments in Internet terminology with a free weekly newsletter from Webopedia. Join to subscribe now.
Webopedia's student apps roundup will help you to better organize your class schedule and stay on top of assignments and homework. Read More »20 Ways to Shorten a URL
If you need to shorten a long URL try this list of 20 free online redirection services. Read More »Top 10 Tech Terms of 2015
The most popular Webopedia definitions of 2015. Read More »
This Webopedia study guide describes the different parts of a computer system and their relations. Read More »Network Fundamentals Study Guide
Networking fundamentals teaches the building blocks of modern network design. Learn different types of networks, concepts, architecture and... Read More »The Five Generations of Computers
Learn about each of the five generations of computers and major technology developments that have led to the current devices that we use today. Read More »